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WEDNESDAY, NOVEMBER 23, 1988
STRIKING RIGHT BALANCE ON NEW SFC
*
NEW
FUTURES
COMMISSION,
THE
THE
NEED THE
HON THE
ΤΟ PIERS
AND SECURITIES
THE RIGHT BALANCE BETYLEN
AND ABUSES MARKET TO CURA
SECRETARY, THE FINANCIAL
IN FORMING THE GOVERNMENT'S INTENTION IS TO STRIKE NEED FOR ADEQUATE POWERS PRESERVE CIVIL LIBERTIES, JACOBS, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY),
MR JACOBS THE RIGHT
IN REPLY TO A QUESTION FROM THE HON RONALD ARCULLI, SAID IT WAS THE GOVERNMENT'S INTENTION ALSO TO STRIKE BALANCE BETWEEN THE DESIRE TO ENCOURAGE THE GROWTH OF MARKETS AND NEED TO ENSURE THAT THEY DID NOT GET OUT OF CONTROL.
"AND LASTLY, IN RELATION TO THE FUNDING OF THE NEW IT IS OUR INTENTION TO STRIKE THE RIGHT BALANCE BETWEEN THE
HAND AND THE PUBLIC OF THE MARKET USERS ON THE ONE OTHER, HE SAID.
THE
COMM1981ON, INTERESTS ON THE
PURSE
OF PREPARING AND FUTURES
MR JACOBS SAID THE GOVERNMENT WAS IN THE PROCESS
OF THE SECURITIES ESTABLISHMENT THE LEGISLATION FOR
BEEN HAD COMMISSION AND
CONSULTING VARIOUS MARKET ORGANISATIONS, MAJOR LEGISLATIVE PROFESSIONAL BODIES AND ADVISORY COMMITTEES ON THE PROPOSALS.
HE ADDED THAT FUNDING ARRANGEMENTS AND BUDGETARY
WERE ALSO BEING REQUIREMENTS FOR THE NEW COMMISSION SOME DETAIL.
AND MANPOWER CONSIDERED
IN
ON THE ROLE EXCHANGES AND OTHER THE PROCESS OF
"WE SHALL ENSURE THAT ALL VIEWS, INCLUDING VIEWS OF THE COMMISSION AND ITS RELATIONSHIP WITH THE RELEVANT PARTIES, ARE PROPERLY TAKEN INTO ACCOUNT IN
MR JACOBS SAID. PREPARING THE DRAFT LEGISLATION,
14
COUNCIL
FOR ADVICE THIS
"WE AIM TO SUBMIT A BILL TO THE EXECUTIVE IN THE NEAR FUTURE. THEREAFTER, THE BILL WILL BE INTRODUCED INTO COUNCIL," HE ADDED.
BE
FULL DETAILS OF THE FUNDING PACKAGE WOULD BE GIVEN, NECESSARY THE APPROVAL OF THE FINANCE COMMITTER WOULD SAID.
AND WHERE SOUGHT, HE
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